Unified Growth Theory contradicted by African economic data.
problem Contradiction between Unified Growth Theory and African economic growth data.
method Analysis of Galor's data for African countries.
result Data contradicts Unified Growth Theory's claims about economic growth regimes.
Paper analyzes patterns in African exports using network analysis.
problem Limited data on African countries in trade networks.
method Defined two bipartite networks and their minimal spanning trees.
result Emerging patterns reveal important characteristics of African exports.
A technique from stochastic portfolio theory [Fernholz, 1998] is applied to analyse equity returns of Small, Mid and Large cap portfolios in an emerging market through periods of growth and regional crises, up to the onset of the global financial crisis. In particular, we factorize portfolios in the South African marke…
Unified Growth Theory contradicted by Asian economic data.
problem Unified Growth Theory fails to explain Asian economic growth.
method Analysis of historical economic growth data in Asia.
result Asian economic growth was hyperbolic, not stagnant.
Unified Growth Theory contradicted by USSR economic data.
problem Unified Growth Theory fails to explain USSR economic growth.
method Analysis of historical USSR economic data.
result USSR economic growth was hyperbolic, not stagnant.
Paper presents a model to measure economic growth and development.
problem Measuring relative economic growth of different systems.
method S-Shaped model with linear representation to indicate growth, development, or underdevelopment.
result Model accurately measures economic growth and development of regions and macro regions.
CNN models predict local economic livelihoods from free satellite imagery.
problem Lack of detailed economic data in developing countries.
method Trained CNN models on free Landsat 7 satellite imagery.
result Achieved accuracies exceeding previous benchmarks.
Trains neural machine translation models for 5 Southern African languages.
problem Lack of shared resources and reproducible results for African languages.
method Trained neural machine translation models on publicly-available datasets.
result Provides code for training and evaluating models, aiming to spur future research.
Data describing historical economic growth are analysed. Included in the analysis is the world and regional economic growth. The analysis demonstrates that historical economic growth had a natural tendency to follow hyperbolic distributions. Parameters describing hyperbolic distributions have been determined. A search …
The study applies Dimensional Analysis to the neoclassical economic growth model.
problem Inconsistency in the neoclassical economic growth model.
method Dimensional Analysis was used to evaluate and adjust the model.
result An adjustment to the neoclassical economic growth model is required to satisfy the principle of dimensional homogeneity.
Unified Growth Theory contradicted by Latin American economic data.
problem Unified Growth Theory fails to explain Latin American economic growth.
method Analysis of historical economic growth data from Maddison.
result Unified Growth Theory is inconsistent with Latin American data.
Neural machine translation models trained for 5 South African languages.
problem Lack of resources and research for machine translation in African languages.
method Training neural machine translation models for 5 South African languages using modern techniques.
result Promises of neural machine translation for African languages.
Study compares market microstructure between two South African exchanges.
problem Understanding price response dynamics and market microstructure differences between two South African exchanges.
method Comparative analysis of returns distributions, auto-correlations, price impact, and trading costs on different time scales.
result Similar stylized facts emerge as measurement time scale increases, but price responses vary significantly.
The study examines tail dependence between global economic uncertainty and BRICS currencies using high-frequency data.
problem Understanding the tail dependence between exchange rates and economic uncertainty.
method Daily Twitter Uncertainty Index and BRICS exchange rates analyzed using time-varying copula framework.
result Indian, Russian, and South African currencies exhibit elliptical copulas, while Brazilian and Chinese currencies show upward trending tail dependence.
Study measures economic growth sources in Iran's mining sector using neoclassical growth accounting.
problem Determining the share of economic growth sources in Iran's mining sector.
method Neoclassical growth accounting approach, using production function and Solow residual equation.
result Average annual growth rate of TFP was 2.94% over 30 years.
Unified Growth Theory disproved by lack of economic takeoffs.
problem The absence of economic takeoffs from stagnation to growth.
method Analysis of historical economic growth data.
result Takeoffs from stagnation to growth never occurred.
World GDP growth is predicted to become unsustainable.
problem Predicting the future of world economic growth.
method Analysis of World Bank data on GDP growth rates.
result World economic growth is predicted to become unsustainable.
Examines financial risks' impact on EU-15 economic growth.
problem The impact of financial risks on economic growth in EU-15.
method Panel estimated generalized least squares method with additional control variables.
result Financial risks significantly impact economic growth in EU-15.
Study examines financial services, economic growth, and well-being using four prongs.
problem Understanding the components of well-being and their relation to economic growth.
method Four-pronged approach: Uncertainty Principle, Fiscal Responsibilities, Smaller Organizations, Redirecting Growth.
result Holistic understanding of well-being beyond economic growth indicators.
Early warning signs of Greece's economic crisis were present in GDP growth rate instability.
problem Identifying early warning signs of economic crises in other countries.
method Analysis of GDP growth rate stability and long-term trends.
result GDP growth rate instability predicted the economic collapse in Greece.
New approach uses satellite imagery to estimate economic growth.
problem Lack of reliable economic data in developing countries.
method Dynamic network and representation learning.
result Accurately predicts spatial gross economic expenditures.
Unified Growth Theory debunked: economic growth is insecure and unsustainable.
problem The mystery of the great divergence in income per capita.
method Analysis of economic data to show that growth trajectories are increasing vertically over time.
result Unified Growth Theory is incorrect and promotes misleading concepts.
Bubbles are essential in certain economic models with high growth and low interest rates.
problem Asset price bubbles exceeding fundamental values.
method Developed the Bubble Necessity Theorem in economic models with specific growth and interest rate conditions.
result Bubbles are inevitable in certain economic scenarios with high growth and low interest rates.
Simplifies analysis of hyperbolic distributions in demographic and economic research.
problem Fundamental postulates of demographic and economic research contradicted by data.
method Simple method of reciprocal values for identifying and analyzing hyperbolic distributions.
result Fundamental postulates of demographic and economic research are incorrect.
The Unified Growth Theory is a puzzling collection of myths based on illusions created by hyperbolic distributions. Some of these myths are discussed. The examination of data shows that the three stages of growth (Malthusian Regime, Post-Malthusian Regime and Modern Growth Regime) did not exist and that Industrial Revo…
East African tech experts identify machine learning challenges.
problem Machine learning research needs in East African tech industry.
method 46 interviews with tech professionals.
result Concrete machine learning problems identified.
Study adds memory effect to Solow-Swan model for more accurate economic growth modeling.
problem Inaccuracies in classical Solow-Swan model in capturing long-term dynamics.
method Introduced fractional calculus with Caputo derivative into Solow-Swan framework.
result Fractional-order model shows significant impact on capital accumulation and stability.
Production networks amplify economic growth through technology diffusion.
problem Understanding how technology improvements propagate through production networks.
method Analyzing a production network model to study the effects of technological improvements.
result Longer production chains lead to faster price reduction and GDP growth.
China's infrastructure investments fail to deliver economic growth, leading to fragility.
problem The myth that infrastructure investment leads to economic growth is debunked.
method Analysis of the largest dataset of infrastructure investment data in China.
result Infrastructure investments in China do not provide a positive risk-adjusted return.
Proposes a stochastic model for South African actuarial use.
problem Long-term forecasting for South African institutions.
method Modeling economic series, estimating parameters, testing stability.
result Validated model for long-term forecasts.
Model shows economic growth without total wealth conservation.
problem Understanding economic growth without total wealth conservation.
method Kinetic wealth-exchange model with Monte Carlo and mean field approximation.
result Piketty's second law emerges as an emergent property.
The paper uses SVAR modeling to analyze how demographic changes affect the current account and economic growth.
problem The impacts of demographic changes on the current account and economic growth.
method SVAR modeling to track dynamic impacts between population growth, current account, and economic growth.
result The long-run net impact on economic growth of the domestic working population growth and demand labor for emigrants is positive.
Services contribute to economic growth by increasing complexity indices.
problem Understanding the role of services in economic growth and complexity.
method Combining network science and econometrics, analyzing data from developed and developing countries.
result Services have higher complexity indices than goods, indicating a potential route for economic growth.
We investigate the hierarchical structures of countries based on electricity consumption and economic growth by using the real amounts of their consumption over a certain time period. We use of electricity consumption data to detect the topological properties of 60 countries from 1971 to 2008. These countries are divid…
Study on insurer solvency under economic growth and run-off conditions.
problem Impact of economic growth on insurer ruin probabilities.
method Comprehensive model with varying business volumes, focusing on run-off companies.
result Sharp asymptotic estimates for infinite time ruin probabilities.
Climate volatility reduces economic growth, especially in poorer countries.
problem Impact of climate volatility on economic growth.
method Exploiting data on 133 countries over 59 years, controlling for temperature changes.
result A 1 degree C increase in temperature volatility leads to a 0.3% decline in GDP growth.
Paper aims to improve education online in South Africa using NMT for Setswana.
problem Inclusion of machine translation for low-resourced local languages in online education.
method Demonstrates state-of-the-art performance on English-to-Setswana translation using the Transformer architecture.
result Current NMT techniques show promise for African languages, beating previous methods by 5.33 BLEU points.
The paper uses remote sensing to validate global economic growth patterns.
problem Lack of reliable data on economic growth and wealth distribution.
method Introduces a novel economic observatory using remote sensing of Earth's surface.
result Observed sigma-convergence in post-Cold War period, but failed after financial crisis.
Generative AI predicts economic activity from corporate transcripts.
problem Predicting economic activity using existing measures like surveys.
method Extracted managerial expectations from transcripts using generative AI.
result AI Economy Score predicts economic activity up to 10 quarters ahead.
Historical income per capita data follow hyperbolic growth patterns.
problem Economic stagnation and Malthusian traps in historical data.
method Fitting hyperbolic distributions to GDP/capita and population data.
result Income per capita growth was monotonic and without transitions.
Study analyzes GDP growth of CEE countries using time-varying coefficients.
problem Understanding GDP growth patterns of CEE countries post-integration.
method Panel regression with time-varying coefficients.
result Private debt plays a crucial role in economic growth.
SAGDA generates synthetic agricultural datasets to improve ML in African farming.
problem Data scarcity in African agriculture limits machine learning innovations.
method SAGDA is an open-source Python toolkit that generates, augments, and validates synthetic agricultural datasets.
result SAGDA enhances ML applications in agriculture, such as yield prediction and fertilizer recommendation.
The paper gauges AGI's impact on GDP growth using mathematical metrics.
problem Determining the economic effect of AGI on GDP growth.
method Analysis of historical data, development of a new mathematical algorithm, regression analysis.
result There is a positive correlation between AGI growth and real GDP growth.
The paper analyzes growth rates and volatility in the 20th century.
problem Understanding the relationship between economic growth and volatility.
method Analyzes historical data of GDP per capita growth rates and volatility.
result A significant negative scale-relation between volatility and size of countries emerged after 1956.
We consider a heterogeneous agent-based economic model where economic agents have strictly bounded rationality and where income allocation strategies evolve through selective imitation. Income is calculated by a Cobb-Douglas type production function, and selection of strategies for imitation depends on the income growt…
COMPAS recidivism predictions show racial bias against African Americans, study finds.
problem Racial bias in recidivism prediction algorithms.
method Causal analysis using FACT, a fairness measure grounded in causal inference.
result COMPAS shows racial bias against African American defendants, robust to unmeasured confounding.
Galor's mysterious income growth rate is debunked, revealing data manipulation.
problem Mysterious sudden spurt in income per capita growth rate.
method Mathematical analysis of historical world economic growth data.
result The sudden spurt in income per capita growth rate is an artifact of data presentation.
A statistical analysis of financial, economic, and demographic indicators performed by the authors demonstrates (1) that the main countries of East Africa (Uganda, Kenya, and Tanzania) have not escaped the Malthusian Trap yet; (2) that this countries are not likely to follow the "North African path" and to achieve this…